Should You Buy Compound Coin (COMP) Wednesday?

InvestorsObserver gives Compound Coin a weak short-term technical score of 17 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. COMP has currently traded better than 17% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Compound Coin a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Compound Coin!

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Trading Analysis

Compound Coin is $0.000000 (0.00%) higher than its 30-day low price of $0.000000049 while also $0.000000 (-81.89%) lower than its high of $0.00000027 from the past month of trading. Meanwhile, COMP's current price of $0.000000049 is under its average price of $0.000000131 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Compound Coin suggest that traders are currently bearish on the coin. COMP has a low market cap compared to the majority of coins with a total market value of $2,624.97. Compound Coin's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Compound Coin's average volume is low as $3,736.55 worth of the coin is typically traded over a 24 hour period. COMP's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours COMP's volume is below its average with $182.16 exchanged.

Summary

Compound Coin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Compound Coin (COMP).